Florida State Music Teachers Foundation Summer Board Meetins

Cabot Lodge Gainesville, Florida

Friday, June 22,2007 5:00 p.m.

Dr. Charles Turon called the meeting to order at 5:08 p.m.

Roll call was by signature. Attending were: Millicent Callobre Paulette Kilts Albert Rozier Marc Hebda Leonard Mastrogiacomo

Denise Homsley Mary McOwen Maria Santilli Adrienne LeBlanc Cindy Kessler

A. Smith Charles Turon

Joanne

Mary Seal Sonja Rozier

Minutes of the Friday, January 12,2007 F-oundation Winter Board Meeting were approved with the following correction: 1. Under the Section "NE,W BUSINESS," Dr. Turon stated the words "and the audit" are to be struck. PRESIDENT'S REPORT. President Dr. Turon brought attention to the list of gifts that have been received, and said that they will be recognized in the August-September Newsletter. Dr. Turon reported on the event in Pensacola honoring Robert and Trudie

Sherwood. Gifts received amounted to over $10,000. This has resulted in two newly endowed competitions: the Robert Sherwood Junior Piano Concerto Competition and the Trudie Sherwood Senior Voice Concerto Competition. President Dr. Turon read a Proposed Bylaw Change:

Article III, Section 2.

r. b.

In odd-numbered years, the President of FSMTF will present a single candidate for the office of Treasurer of FSMTF at the Board meeting prior to the Conference Board meeting. Further nominations may be made by members of FSMTF provided consent has been obtained from each nominee. Election shall be held at the FSMTF Board meeting held during the annual

c.

Conference. A majority of votes cast by members present shall be necessary to elect.

**It

was moved and seconded that Article a Bylaw Change.

**The motion carried.

III, Section 2. as presented

be accepted as

TREASURER'S REPORT. In Bill Jennings' absence, Dr. Charles Turon gave the Treasurer's Report.

NEW BUSINESS. President Turon suggested a Silent Auction for FSMTF be held at the 2007 State Conference. It was suggested that an announcement be made at each General Session regarding both the FSMTF and MTNA Foundation Silent Auctions, including what each Foundation provides.

**It

was moved and seconded that the practice should continue of giving Florida representatives (as the only entrants in a competition) monies equal to a winner's award. These monies would be directed toward their travel expenses to the Southern Division Competitions.

**The motion carried. Dr. Turon said compensation will be given to this year's Florida representatives if not already given. LTNFINISHED BUSINESS. President Turon distributed a chart of FSMTA Awards. He stated there are two possible ways of distributing the FSMTA dues allocation (currently approximately $4,000). The first way is to distribute the monies to existing accounts to increase the endowments; thereby investing the money. He stated that, at 5olo interest, $5,000 supports a $250 award; $10,000 supports a $500 award, etc. In some cases the awards are not consistent with the endowment. The second alternative would be to annually "top off'awards, which would result in fluctuating amounts.

Dr. Turon, along with Bill Jennings, recommended investing the money to the individual accounts to bring up the endowments so they would be in line with the award amounts. Because all of the awards are not distributed in any one year, he recommended FSMTF immediately address all the awards that are below what the accounts can support.

**It

was moved and seconded that the remainder of the dues allocation not used to support the working budget be invested in endowments.

In discussion, Dr. Turon clarified that the dues allocation must pay for operating expenses. The motion addresses the balance left after operating expenses.

** The motion carried. The meeting was adjourned at 6:02 pm. (Continued)

Florida State Music Teachers Foundation Summer Board Meetins

Cabot Lodge Gainesville. Florida

Saturday, June232007 10:50 a.m.

Dr. Charles Turon called the meeting to order at l0:50 a.m.

Roll call was by signature. Attending were:

callobre Paulette Kilts Liz Kiebler Albert Rozier Marc Hebda

Homsley McOwen Hee Jung Kang Maria Santilli Adrienne LeBlanc Leonard Mastrogiacomo cindy Kessler Millicent

Denise

Mary

A. Smith Charles Turon

Joanne

Tim Murphy Mary Seal Sonja Rozier Mark crawford

TINFINISHED BUSINESS (Continued). President Dr. Turon referred to a distributed chart of FSMTA Awards. He suggested a need to devise consistent establishment of award amount. One plan would be to increase award amounts in increments of $5,000. For example, if the amount in an account is between $5,000-9.999,the award amount would be $250. An account between $ 10,000- 1 4,999 would have an award amount of 5500. Or a smaller increment amount could be implemented. Or, thirdly, a smaller increment amount could be implemented and determine the percentage required. Dr. Turon suggested that some endowed accounts begin to immediately support larger award amounts.

*It was moved and seconded that these endowed awards be increased immediately as

noted:

Hack Sherwood, Sherwood,

Robert Trudie

Colvert Sterret Rodenberg

From

To

5200 $150 $100 5400 $200 $200

5250 $250 $500 $250 $250

$2S0

**The motion carried. President Turon suggested that he and Bill Jennings examine the unendowed accounts to determine possible increased award amounts as funds would support them.

In reference to Friday's motion to invest the dues allocation, Dr. Turon stated that it needs to be determined which accounts will receive the invested monies first. He suggested that the endowed accounts that currently do not support the awards being given receive the monies first. The monies would be equally distributed among them. Dr. Turon distributed the proposed budget, as prepared by Bill Jennings. Everything had already been approved except the added categories ofpostage and printing.

**It

was moved and seconded that the proposed budget be accepted.

**The motion carried. The meeting was adjourned at

Respectfully submitted, Denise Homsley Recording Secretary

11

:12 p.m.